Did you purchase a new home with the intention to lease? Or have you recently completed a substantial renovation to this property? Did you know that you could be eligible for a portion of the goods and services tax (GST) or harmonized sales tax (HST) paid on the purchase price of your rental property, under new housing rebates being offered? You may be eligible for the GST, or federal portion, and the PST, or Ontario portion, for a combined federal rebate/provincial rebate.
Every person has different circumstances so it can be tough trying to navigate through the New Residential Rental Property Rebate (also referred to as the NRRP rebate) process yourself. Our reliable, upfront, and professional rebate services are intended to help buyers/investors navigate through the oftentimes complex tax rebate system for this GST/HST new housing rebate. We handle all the confusing documents, forms, and discussions with the CRA for you. Not sure if you’re eligible for the GST/HST Housing Rebate in Ontario? Allow us to explain how the housing rebate claim works, for both the provincial and federal rebates. During your consultation, we’ll address all questions and complete your NRRP Rebate application forms.
If you’re a Canadian landlord and want to know your housing rebate eligibility for the GST/HST New Housing Rebate/Residential Rental Property Rebate (NRRP), you must have:
These requirements are necessary for the rental GST/HST housing rebate. Make sure you have the necessary information so the rebate application documents can be completed accurately and in full. Typically, the Canada Revenue Agency will pay out an HST/GST housing rebate in eight to twelve weeks unless subjected to an audit. A multi-residential complex also qualifies for the rental rebate, but the process is much more complex. You have two years from the closing date to apply for the NRRP Rebate.
While we won’t guarantee a specific amount, you may be eligible to receive a maximum of $30,000 back in HST rebates from the Government of Canada. Rebates are usually received within three months of the application being received, but it can take up to six months. If you’d like to know precisely what you’re entitled to, use our reliable rebate calculator! You’ll need to provide the province your property is located in, the purchase price of your property (including charges levied against the property), and a fair market value of the property at the time of closing. The calculator can also determine the new housing rebate amount on a new primary/principal residence.
If you are a buyer and landlord who has applied on your own for the GST/HST New Housing Rebate / NRRP Rebate and had your claim denied by the CRA, contact our team today. We’re true experts when it comes to filing a Notice of Objection to the CRA on your behalf and representing you during discussions you may find stressful. Leave the hard work to us. That’s exactly what we’re here for – to guide you through the NRRP Rebate procedure. It can be confusing, but we will help you get the maximum rebate you are owed, with no hassle for you.
Real estate can be confusing which is why most people overlook the GST/HST New Housing Rebate / NRRP Rebate opportunity. When you have a team like Sproule + Associates on your side, you don’t need to worry about what it’s going to cost for a rebate team, or how you’re going to navigate the confusing new housing rebate paperwork yourself. Located in Ontario, we stand behind a high level of personalized customer service. We’ve assisted thousands of homeowners across Canada to obtain the GST/HST Rebate and put millions of dollars back in their bank accounts. Often, a buyer must spend a lot on residential investment property, so they deserve to get some of that money back. When you get in contact with our rebate professionals today, we will help you determine eligibility and begin your claim form. Our clients have peace of mind knowing they don’t have to pay high out-of-pocket costs for our service. We only get paid when you get paid.
We can also help with your personal residence house rebate if you have also recently purchased a new primary place of residence. You may be eligible if you purchased a newly constructed home, (including owner-built houses), paid for heavily-renovated housing, or had a major addition.
We’ll assist you through the GST/HST New Residential Rental Property Rebate. Real estate investors will assist with the mortgage technicalities and will tell you that you must plan to lease the new home to tenants within one year. We will help you determine the tax return based on fair market value or purchase price.
We hold ourselves to high standards. We know what it takes to navigate the waters of obtaining the NRRP rebate for investment property owners and we love seeing the smiles on our client’s faces when they receive a cheque.
We’re well-known in Oakville and surrounding areas for our honesty and integrity. If we don’t think we can assist you, we’ll let you know (and at no risk to you since we only get paid when you receive a cheque). We don’t promise the full $30,000 every time either. When you use our New Housing Rebate calculator, you can find out what you can get back within six to eight weeks for the purchase of a new home.
The application process can be confusing and frustrating, which is why we’re here. It’s our job to handle every aspect of the process for you, as well as answer any of your questions. Why stress out about it when you can just leave it to us?
We hold ourselves to high standards. We know what it takes to navigate the waters of obtaining the NRRP rebate for investment property owners and we love seeing the smiles on our clients' faces when they receive a cheque.
We're well-known in Oakville and surrounding areas for our honesty and integrity. If we don't think we can assist you, we'll let you know (and at no risk to you since we only get paid when you receive a cheque). We don't promise the full $30,000 every time either. When you use our New Housing Rebate calculator, you can find out what you can get back within six to eight weeks for the purchase of a new home.
The application process can be confusing and frustrating, which is why we're here. It's our job to handle every aspect of the process for you, as well as answer any of your questions. Why stress out about it when you can just leave it to us?
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